Publication:
Natural resources rents and economic performance: Post-COVID-19 era for G7 countries
Natural resources rents and economic performance: Post-COVID-19 era for G7 countries
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Date
2022
Authors
Tolassa Temesgen Hordofa
Song Liying
Nafeesa Mughal
Asma Arif
Hieu Minh Vu
Prabjot Kaur
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Publisher
Research Projects
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Abstract
The study found that during the COVID-19 and post pandemic, economic performance has been declined. This study found that natural resources rent, including oil and gas, help to improve the economic performance. Further, structural break for the year 2019 caused by COVID-19 also slowed down the economic performance of G7 economies. This study suggests more stabilization policies towards natural resources commodity prices and encouragement of active role from the G7 countries. This study further provides relevant policy implications in the concluding section for the selected group of countries.
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Keywords
Natural resources commodity prices,
COVID-19,
Economic performance